European Airlines Recover Ground After Oil Price Drops -- Market Talk

Dow Jones03-10

0912 GMT - European airline stocks are making gains after the price of oil dropped to the low $90s a barrel. Wizz Air jumps 7.7%, followed by Deutsche Lufthansa which gains 6.7%. Air France-KLM is up 5.9%, while International Consolidated Airlines Group--which houses Iberia and British Airways--advances 5.2%. Ryanair, easyJet and Jet2 are up 3.9%, 3.5% and 2.3%, respectively. The oil-price spike might offer an advantage to the European flag carriers which are hedged on fuel, unlike U.S. airlines which are unhedged and have to raise prices to offset higher costs, J.P. Morgan says. However, a long Iran war and sustained higher oil prices will have a negative impact for the whole sector due to lower consumer spending power and reduced economic growth, they say. (cristina.gallardo@wsj.com)

 

(END) Dow Jones Newswires

March 10, 2026 05:12 ET (09:12 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment